Global Gas Sensors Market Size Analysis, 2018-2028
| REPORT ID: BKR805 | Domain: Energy | Published Date: August 2018 |
Gas Sensors Market Size is valued over USD 2.1 billion in 2018 and is forecast to register a CAGR of 5.3% between 2018 and 2028.
Gas sensors are the devices that helps in detecting any gas presence and leakages. These devices are mostly installed as a part of safety measures and are regulated by government policies. In last few years, sales of these devices has increased considerably in industrial and residential buildings. The trend is highly prevalent in developed regions with developing regions still largely untapped. Increase in consumer awareness will play a key role in total sales in emerging regions.
The industry is largely characterized by the presence of numerous small and midsize companies. The trend is quite prominent in Asia Pacific wherein the degree of fragmentation is high compared to Europe and North America. As per the estimates, unorganized players accounted for over 35% of total gas sensors market revenue in 2017. These players focusses on price differentiation to ensure stable revenue. However, changing technology and rise in mergers and acquisitions has helped leading companies to effectively compete with small scale vendors. This is expected to lead to market shifting towards higher consolidation.
Honeywell is the leader in gas sensors market, accounting for over 23% of global share. Top 10 players accounted for 51% of global share in 2017.
Global Gas Sensors Market Size Analysis, By Technology
By technology, electrochemical gas sensors accounted for 23% of global share, followed closely by semiconductor based gas sensors. Electrochemical sensors has large number of midsize manufacturers and the segment is characterized by low cost product offerings. Its usage is widely seen in industrial and residential sectors. These electrochemical devices works on the measurement of gas concentration. Each gas their own voltage breakdown (ionization rate). Difference in concentration helps in detection of gases through electrochemical way.
Global Gas Sensors Market Analysis, By Product
By product, carbon dioxide and carbon monoxide will account for the maximum share. While semiconductor and electrochemical based sensors are widely use to detect carbon monoxide, infrared sensors is gaining significant traction for carbon dioxide based detection.
Global Gas Sensors Market Size Analysis, By End-use
Gas sensors applications is spread across various end-use sectors including environmental, consumer electronics, petrochemical, healthcare, industrial, and others. Industrial sector dominated the gas sensors market share in 2017. As per the estimates, industrial sector accounted for 25% of net unit sales (1,300 million).
Global Gas Sensors Market Size and Forecast, Regional Analysis:
Globally, Western Europe dominated the industry with 33% market share. Sales in the region is dominated by EU-5 with Germany and UK accounting for over 43% of global share in 2017. Western Europe is characterized by the presence of large number of multinational companies. The region is fairly organized with top 10 players accounting for over significant share.
Asia Pacific will register fastest growth with China witnessing close to double digit growth rate. Technological advancement is pushing the higher adoption of such devices in China and South East Asia.
Global Gas Sensors Market Size and Forecast: Competition Landscape
Some of the key industry players are Bosch Sensortec, SenseAir AB, Dynament, Membrapor AG, Figaro Engineering Inc., City Technology, Ltd., Amphenol Corporation, Yokogawa Electric Corporation, Alphasense, MSA, Sensirion AG, Honeywell International Inc., Siemens AG, Teledyne Technologies Incorporated, Dragerwerk AG & Co. KGaA, Trolex Ltd., and Aeroqual Ltd.,.
Gas Sensors Market Industry Segmentation
By Technology:
- Semiconductor
- Electrochemical
- Solid-state
- Infrared
- Photoionization Detection
- Catalytic
- Others
By Product Type:
- Carbon Dioxide
- Carbon Monoxide
- Hydrogen Gas Sensors
- Nitrogen Oxide
- Oxygen
- Others
By End-use:
- Industrial
- Automotive
- Consumer Electronics
- Healthcare
- Environmental
- Others
What Will You Discover in the Report?
- An in-depth analysis of the Gas Sensors market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Gas Sensors market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Gas Sensors market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Gas Sensors industry during the forecast period
- Who are the Gas Sensors industry leaders and what are the key initiatives taken by them for long term growth
Analyst access with Bekryl Market Analysts
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Gas Sensors Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Gas Sensors Market Value
- Overall Market Forecast
- Gas Sensors Growth Outlook, By Segments
- Gas Sensors Growth Scenario, by Region
- The Gas Sensors Industry Ecosystem
- Parent Market Overview
- PV Modules Installation
- Solar Projects, By Country
- Total Encapsulation Market Opportunity
- Industry Value Chain and Distribution Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- Parent Market Overview
- The Gas Sensors Industry Dynamics
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Regulatory Compliances, By Selected Countries
- Key Industry Developments
- The Gas Sensors Market Pricing Analysis
- Gas Sensors Product Pricing Forecast
- Pricing Analysis By Region
- Pricing Trends
- Global Gas Sensors Industry Value and Volume Forecast
- Introduction
- Industry Initiatives
- Industry Predictive Analysis
- Gas Sensors Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Gas Sensors Market Size and Forecast, (2017-2028)
- Market Value Forecast (US$ Million)
- Market Volume
- Growth Analysis (Y-o-Y) and Forecast
- Global Gas Sensors Industry Size and Forecast, By Segments
By Technology:
- Semiconductor
- Electrochemical
- Solid-state
- Infrared
- Photoionization Detection
- Catalytic
- Others
By Product Type:
- Carbon Dioxide
- Carbon Monoxide
- Hydrogen Gas Sensors
- Nitrogen Oxide
- Oxygen
- Others
By End-use:
- Industrial
- Automotive
- Consumer Electronics
- Healthcare
- Environmental
- Others
- North America Industry Value and Volume Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- North America Gas Sensors Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- North America Gas Sensors Market, By Segments (As mentioned in section 10 of TOC)
- S. Gas Sensors Market Size and Forecast, By Segments
- Canada Gas Sensors Market Size and Forecast, By Segments
- Latin America Gas Sensors Industry Value and Volume Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Latin America (South America) Gas Sensors Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Latin America Gas Sensors Market, By Segments (As mentioned in section 10 of TOC)
- Brazil Gas Sensors Market Size and Forecast, By Segments
- Argentina
- Mexico
- Rest of Latin America
(Gas Sensors industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Western Europe Gas Sensors Industry Value and Volume Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Western Europe Gas Sensors Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Western Europe Gas Sensors Market, By Segments (As mentioned in section 10 of TOC)
- Germany Gas Sensors Market Size and Forecast, By Segments
- UK
- France
- Spain
- Italy
- NORDIC
- Switzerland
- Rest of Western Europe
(Gas Sensors industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Central and Eastern Europe (CEE) Gas Sensors Industry Value and Volume Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Central and Eastern Europe Gas Sensors Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Central and Eastern Europe Gas Sensors Market, By Segments (As mentioned in section 10 of Gas Sensors Market TOC)
- Russia Gas Sensors Market Size and Forecast, By Segments
- Poland
- Ukraine
- Rest of CEE
(Gas Sensors industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Asia Pacific Gas Sensors Industry Value and Volume Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Asia Pacific Gas Sensors Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Asia Pacific Gas Sensors Market, By Segments (As mentioned in section 10 of TOC)
- Japan Gas Sensors Market Size and Forecast, By Segments
- China
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
(Gas Sensors industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Middle East Gas Sensors Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Middle East Gas Sensors Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Middle East Gas Sensors Market, By Segments (As mentioned in section 10 of TOC)
- GCC Gas Sensors Market Size and Forecast, By Segments
- Israel
- Rest of Middle East
(Gas Sensors industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Africa Gas Sensors Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Gas Sensors Industry Size and Forecast, (2017-2028)
- Africa Gas Sensors Industry Share (%)
- Africa Gas Sensors Industry Growth Forecast (%)
- South Africa Gas Sensors Market Size and Forecast, By Segments
- Algeria
- Nigeria
(Gas Sensors industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Gas Sensors Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
Bosch Sensortec, SenseAir AB, Dynament, Membrapor AG, Figaro Engineering Inc., City Technology, Ltd., Amphenol Corporation, Yokogawa Electric Corporation, Alphasense, MSA, Sensirion AG, Honeywell International Inc., Siemens AG, Teledyne Technologies Incorporated, Dragerwerk AG & Co. KGaA, Trolex Ltd., and Aeroqual Ltd.,.
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Gas Sensors industry TOC and sample research pages, download sample.
Gas Sensors Market Report Structure
Gas Sensors Industry Dynamics
This section enables Gas Sensors industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Gas Sensors market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Gas Sensors industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Gas Sensors Industry Trends
- Gas Sensors Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Gas Sensors Industry Experts Market Opinion
Industry Analysis, By Segments
Industry stakeholders receive detailed analysis of the Gas Sensors industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Gas Sensors industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Regional Market Analysis
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Gas Sensors market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any
North America Gas Sensors Market Size
- S.
- Canada
Latin America Gas Sensors Market Size
- Brazil
- Mexico
- Argentina
- Rest of Latin America
(*Gas Sensors Market value analyzed across each Latin America country)
Western Europe Gas Sensors Market Size
- Germany
- UK
- France
- Switzerland
- Spain
- Italy
- NORDIC
- Rest of Western Europe
(*Gas Sensors Market value analyzed across each Western Europe country)
Central and Eastern Europe Gas Sensors Industry Analysis
- Russia
- Poland Meat
- Ukraine Meat
- Rest of Eastern Europe
(*Gas Sensors Market value analyzed across each Central and Eastern Europe country)
Asia Pacific Gas Sensors Industry Size
- China
- India
- Japan
- Australia
- South Korea
- ASEAN Meat
- Rest of Asia Pacific
(*Gas Sensors Market value analyzed across each Asia Pacific country)
Middle East Gas Sensors Industry Size
- GCC
- Israel
- Rest of Middle East
(*Gas Sensors Market value analyzed across each Middle East country)
Africa Gas Sensors Industry Size
- South Africa
- Algeria
- Nigeria
- Rest of Africa
Gas Sensors Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Gas Sensors Market Growth Forecasting Methodology
In order to prepare historical data and analyze Gas Sensors market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Gas Sensors market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Gas Sensors market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Gas Sensors industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Gas Sensors Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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